Quarterly Market ReportApartments and Townhouses | Mosman

Quarter 1 - 2016

Your LocalMosmanMosman saw further growth overall in the first quarter of 2016, with 2 bedroom apartments showing a slight increase in prices when compared to the fourth quarter of last year. Interestingly, there was a slight decrease in 1 bedroom prices from the previous quarter, despite the very similar number of properties offered. Now that the summer selling quarter has come to a close, what has been interesting to observe is a period of strong and consistent trading, with a 91% clearance rate for Mosman apartments this quarter.

In the first quarter of 2016 (January to March), there were a total of 71 apartments/townhouses sold in Mosman, with an average selling price of $1,289,563. When you compare it to the fourth quarter of 2015, which had an average selling price of $1,166,446, this indicates a sizable increase of $123,117.

Since October 2015, the media has extensively reported a drop in prices across Sydney. However, with an average increase in prices of $282,579 in the last 6 months, it’s safe to say the Lower North Shore really didn’t experience this. Given the current market conditions, there is no reason to believe that this trend is going to change, and Urban Living by LJH is still experiencing strong buyer demand and a 100% success rate at auction in 2016 thus far. Now is a great time to sell and we would love to have a discussion with you regarding your next move.

Average Price No. Sold Difference from Q4, 2015

1 bed $620,821 15 -$21,807

2 bed $970,680 31 +$3,785

3 bed $1,967,692 20 -$84,599

4 bed $3,983,333 3 -$4,416,667

MOSMAN STATISTICS

AVERAGE SALES PRICES TRACKED OVER THE LAST 12 MONTHS

Mosman North Sydney LGA

$1,100,000

$1,005,000

$530,000

$625,000

$720,000

$435,000

$815,000

$910,000

$245,000

$340,000

$150,000

Dec 15 Jan 16 Feb 16Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15

Your LocalMosman

OUR RECENT SALES

502/55 Harbour Street

15/1A Bond Street

4/76 Raglan Street

3/21 Mcleod Street

9/247 Raglan Street

Street Address Beds Baths Cars Price

12/9 Mandolong Road 1 1 0 $602,500

24/669 Military Road 1 1 1 $800,000

5/54 Raglan Street 1 1 0 $590,000

8/160 Raglan Street 1 1 1 $720,000

1/20 Rawson Street 1 1 0 $555,000

16/102 Spit Road 1 1 1 $650,000

7/146 Spit Road 1 1 1 $520,000

409/88 Vista Street 1 1 0 $639,000

10/165 Avenue Road 2 1 0 $800,000

4/90 Bradleys Head Road 2 1 1 $910,000

8A/112 Cowles Road 2 2 1 $1,380,000

502/55 Harbour Street 2 2 1 $958,000

106/732 Military Road 2 2 1 $1,225,000

6/1 Millett Road 2 1 1 $780,000

26/3 Mosman Street 2 1 1 $1,120,000

20/55 Prince Albert Street 2 1 0 $870,000

4/76 Raglan Street 2 1 0 $1,290,000

6/182 Raglan Street 2 2 1 $880,000

2/39 Spofforth Street 2 1 0 $865,500

1/4 Thompson Street 2 1 1 $1,400,000

104/88 Vista Street 2 2 1 $861,000

13/1A Bond Street 3 3 2 $1,600,000

32A/2 Brady Street 3 2 2 $2,500,000

8/30 Gouldsbury Street 3 2 2 $2,360,000

10/50-56 Muston Street 3 2 2 $2,850,000

34/98 Ourimbah Road 3 1 1 $835,000

2/100 Ourimbah Road 3 2 2 $1,300,000

3/14 Parriwi Road 3 2 2 $2,600,000

1/17 Royalist Road 3 2 2 $1,850,000

15/8 Earl Street 4 2 2 $3,100,000

1/74 Raglan Street 4 2 2 $2,400,000

Urban Living by LJH is a specialist real estate agency devoted to apartment and townhouse sales.

Having identified a genuine lack of real estate expertise purely servicing the apartment and townhouse market on the Lower North Shore, LJ Hooker Mosman proudly launched Urban Living by LJH, a boutique agency devoted to apartment and townhouse sales. Lead and managed by respected agents Clare Passlow and Jason Passlow, Urban Living by LJH recognises and understands that selling a strata titled property requires a completely different strategy to selling a family home.

WHY CHOOSE US?“Jason was professional, down to earth and not pushy. He was always there to listen and attune to different generation’s needs. He took the time to explain everything and we were involved with every step of the process. He made us feel comfortable the whole journey. I would highly recommend Jason and will definitely be using him again.” - Jessica Sapier

“Their guidance, market knowledge & negotiation skills were outstanding. Their honest & professional approach put us at ease and gave us complete confidence in them throughout the selling process. We are extremely happy with the result and would have no hesitation in recommending them to anyone looking to sell their property.” - Trudy and Michael Hoy

CONTACT YOUR URBAN LIVING SPECIALISTS

LJ Hooker House102 Glover Street

Mosman NSW 20889969 1500

mnb.ljhooker.com.au

Disclaimer: this document is not intended to demonstrate that LJ Hooker was the selling agent for all of these properties. This report shows 3 months of sold properties, however the median prices and market growth is calculated over a 12 month period. All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.

Clare PasslowD 8969 4149M 0422 004 825E cpasslow@ljhooker.com

Daniel CampbellD 8969 4121M 0432 736 745E dcampbell@ljhooker.com

Jason PasslowD 8969 4162M 0402 182 632E jpasslow@ljhooker.com

Michael PembrokeD 8969 4145M 0432 226 945E mpembroke@ljhooker.com